DOVXF (Dovalue SpA) Cyclically Adjusted PS Ratio: 0.23 (As of Jul. 21, 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DOVXF Dovalue SpA DOVXF
61 GF Score
Price $1.47
GF Value $0.78
! 4 Warning Signs
View Full Analysis

What is Dovalue SpA Cyclically Adjusted PS Ratio?

Dovalue SpA DOVXF +27.29% 61 Cyclically Adjusted PS Ratio is 0.23 as of Jul. 21, 2026, which is 12% below its 10-year median of 0.26. GuruFocus rates DOVXF with a GF Score™ of 61/100 and a GF Value™ of $0.78. The stock has 4 warning signs investors should review. Among 904 Asset Management companies, Dovalue SpA ranks better than 95.91% on this metric.

As of today (2026-07-21), Dovalue SpA's current share price is $1.46859. Dovalue SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $6.52. Dovalue SpA's Cyclically Adjusted PS Ratio for today is 0.23.

The historical rank and industry rank for Dovalue SpA's Cyclically Adjusted PS Ratio or its related term are showing as below:

DOVXF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.26   Max: 0.34
Current: 0.28

During the past years, Dovalue SpA's highest Cyclically Adjusted PS Ratio was 0.34. The lowest was 0.22. And the median was 0.26.

DOVXF's Cyclically Adjusted PS Ratio is ranked better than
95.91% of 904 companies
in the Asset Management industry
Industry Median: 7.63 vs DOVXF: 0.28

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Dovalue SpA's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.734. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $6.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dovalue SpA  (OTCPK:DOVXF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Dovalue SpA Cyclically Adjusted PS Ratio Related Terms


Dovalue SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dovalue SpA's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dovalue SpA Cyclically Adjusted PS Ratio Chart

Dovalue SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.34

Dovalue SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.34 0.23

DOVXF vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Dovalue SpA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dovalue SpA Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Dovalue SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dovalue SpA's Cyclically Adjusted PS Ratio falls into.


DOVXF
61GF Score
Dovalue SpA DOVXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dovalue SpA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Dovalue SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.46859/6.52
=0.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dovalue SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dovalue SpA's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.734/124.5600*124.5600
=0.734

Current CPI (Mar. 2026) = 124.5600.

Dovalue SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 99.814 0.000
201603 0.647 99.600 0.809
201612 1.532 100.300 1.903
201703 0.961 101.000 1.185
201706 1.415 101.100 1.743
201709 0.977 101.200 1.203
201712 1.670 101.200 2.055
201803 1.118 101.800 1.368
201806 1.624 102.400 1.975
201809 1.455 102.600 1.766
201812 1.821 102.300 2.217
201903 1.386 102.800 1.679
201906 1.348 103.100 1.629
201909 2.927 102.900 3.543
201912 3.162 102.800 3.831
202003 2.153 102.900 2.606
202006 1.906 102.900 2.307
202009 3.192 102.300 3.887
202012 3.485 102.600 4.231
202103 3.252 103.700 3.906
202106 3.295 104.200 3.939
202109 3.280 104.900 3.895
202112 4.675 106.600 5.463
202203 3.094 110.400 3.491
202206 3.293 112.500 3.646
202209 3.441 114.200 3.753
202212 3.022 119.000 3.163
202303 2.046 118.800 2.145
202306 3.556 119.700 3.700
202309 2.530 120.300 2.620
202312 3.464 119.700 3.605
202403 2.424 120.200 2.512
202406 2.850 120.700 2.941
202409 2.485 121.200 2.554
202412 0.917 121.200 0.942
202503 0.789 122.500 0.802
202506 0.871 122.700 0.884
202509 0.738 123.100 0.747
202512 1.132 122.600 1.150
202603 0.734 124.560 0.734

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.23 mean?
Dovalue SpA (DOVXF) has a Cyclically Adjusted PS Ratio of 0.23 as of Jul. 21, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dovalue SpA and its competitors. This is 12% below median its historical median of 0.26. Over the past decade, Dovalue SpA's Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.34. According to the industry distribution chart, Dovalue SpA ranks #37 out of 904 companies in the Asset Management industry, placing it in the top 4.1%.
Is Dovalue SpA's Cyclically Adjusted PS Ratio too high?
Dovalue SpA's current Cyclically Adjusted PS Ratio of 0.23 is 12% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.34. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. Dovalue SpA's value of 0.23 is 97% below this industry median. Based on the distribution chart, Dovalue SpA ranks #37 out of 904 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dovalue SpA has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Dovalue SpA's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Dovalue SpA ranks #37 out of 904 companies for Cyclically Adjusted PS Ratio. This places Dovalue SpA in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.63. Dovalue SpA's value of 0.23 is 97% below this benchmark. Historically, Dovalue SpA's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.34 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 7.63, Dovalue SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.63, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dovalue SpA's current Cyclically Adjusted PS Ratio of 0.23 is 97% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dovalue SpA and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dovalue SpA's current Cyclically Adjusted PS Ratio is 0.23, which is 12% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dovalue SpA stock overvalued right now?
Dovalue SpA (DOVXF) has a current Cyclically Adjusted PS Ratio of 0.23. The stock's GF Value™ is $0.78, compared to a current price of $1.47 — trading 88.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.23, which is 12% below median its 10-year median of 0.26 and 97% below the Asset Management industry median of 7.63. Dovalue SpA's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Dovalue SpA (DOVXF), the current Cyclically Adjusted PS Ratio is 0.23 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dovalue SpA (DOVXF) Overvalued in 2026?

Based on GuruFocus' analysis, Dovalue SpA stock appears to be overvalued. The current stock price of $1.47 is trading 88.3% above its estimated GF Value™ of $0.78.

Key valuation signals for DOVXF:

  • Cyclically Adjusted PS Ratio: 0.23 (12% below median its 10-year median of 0.26)
  • GF Value™: $0.78 vs. price of $1.47 (88.3% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 97% below the Asset Management median (#37 of 904)

No single metric tells the full story. See the DOVXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dovalue SpA Business Description

Address Viale del Commercio, No. 47, Verona, ITA, 37135
Dovalue SpA is principally engaged in the management of credit portfolios and real estate arising from non-performing loans. It offers its clients, both banks and investors, services for the management of portfolios of non-performing loans (NPL), unlikely to pay (UTP), early arrears, and performing loans. Along with its subsidiaries, the company is also active in the management and development of real estate assets arising from the management of non-performing loans. In addition, the group offers various ancillary services such as legal services, due diligence services, data management services, and master servicing activities. Geographically, it operates in Italy, the Hellenic Region, and Spain. A majority of its revenue is generated from the Italy.
61GF Score

Get the complete analysis for DOVXF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.47
Price
$0.78
GF Value